7/30/2019 0278. - Ironbark Zinc IBG EIA release ( 14 09 12)

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Level 1

350 Hay Street

Subiaco 6008

Western Australia

PO Box 935

West Perth WA 6872

T: +61 8 6461 6350

F: +61 8 6210 1872

www.ironbark.gl

admin@ironbark.gl

ABN 93 118 751 027

14 September 2012Company Announcements

Australian Securities Exchange LimitedExchange Plaza2 The EsplanadePERTH WA 6000

CITRONEN BASE METAL PROJECT EIA SUBMITTED

Ironbark Zinc Limited (Ironbark) is pleased to announce that it has completed and submitted theEnvironmental Impact Assessment (EIA) to the Bureau of Minerals and Petroleum of Greenland(BMP) for the Citronen base metal project.

Ironbark and its environmental consultant, Orbicon AS, have worked extensively with the BMP and

its advisors over the last three years to ensure that the EIA meets the highest standards of

environmental sustainability and addresses all of the concerns of the regulators. All supporting

testwork including extensive Humidity Cell Test-work, three environmental base line surveys and

Scoping Level Environmental Review Assessment (SLERA) has been completed. The EIA is

subject to a final and public review process during the final submission of all elements of the

completed Feasibility Study and Mineral Exploitation license application.

Commenting on the results, Ironbark Managing Director Jonathan Downes said:

We are excited to see the completion of this major milestone which is the culmination of anenormous amount of work delivered to the BMP for final review. The EIA is a critical element of theFeasibility Study and shows that the Citronen base metal mine will be one of the mostenvironmentally sound operations in the world. We remain focused on delivering one of the largestzinc mines in the world to our shareholders as quickly as possible. The Citronen project is currentlybeing evaluated by China Nonferrous Metal Industrys Foreign Engineering and

Construction Co. Ltd (NFC) for final engineering and construction which will also see thecompletion of the Capital Cost section of the Feasibility Study.

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ABOUT IRONBARK

Ironbark is listed on the Australian Securities Exchange and is seeking to become a base metalmining house. Ironbark has a US$50M funding facility provided by Glencore International AG.

Ironbark seeks to build shareholder value through exploration and development of its projects andalso seeks to actively expand the project base controlled by Ironbark. The management and boardof Ironbark have extensive technical and corporate experience in the minerals sector.

The wholly owned Citronen base metal project currently hosts in excess of 13.1 Billion pounds ofzinc (Zn) and lead (Pb). Engineering work is currently being undertaken by China Nonferrous MetalMining (Group) Co., Ltd on Citronen. The studies are based on an Ordinary Kriging methodologyestimated mineral inventory of;

The current JORC compliant resource for Citronen:

Medium grade resource of:

ResourceCategory Mt Zn % Pb % Zn+Pb%

Measured 25.0 5.0 0.5 5.5

Indicated 26.5 5.5 0.5 6.0

Inferred 19.3 4.7 0.4 5.1

Total 70.8 5.1 0.5 5.7

Using Ordinary Kriging interpolation and reported at a 3.5% Zn cut-offFigures rounded to one decimal place

within a larger resource of:

ResourceCategory Mt Zn % Pb % Zn+Pb%

Measured 43.1 4.1 0.5 4.6

Indicated 51.2 4.1 0.4 4.6

Inferred 37.7 3.8 0.4 4.2

Total 132.0 4.0 0.4 4.5

Using Ordinary Kriging interpolation and reported at a 2.0% Zn cut-off

Figures rounded to one decimal place

For further information please contact:

Jonathan Downes James MosesManaging Director Mandate CorporateT +61 8 6461 6350 T +612 8211 0612www.ironbark.gl E james@mandatecorporate.com.au

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiledby Mr A Byass, B.Sc Hons (Geol), B.Econ, FSEG, MAIG an employee of Ironbark Zinc Limited. Mr Byass has sufficient experience thatis relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify asa Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources

and Ore Reserves. Mr Byass consents to the inclusion in the report of the matters based on this information in the form and context inwhich it appear.

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